Double Unit Garage Warehouse
For Sale
$2,300,000
7210 Haverhill Business Parkway #31 & 32, Riviera Beach, FL 33407
Fully renovated double unit with insulated, motorized hurricane-rated garage doors, a private bathroom, and 20' clear height.
Property Size3,013 SF
Price / SF$766.67
Days on Market101
Property Features for 7210 Haverhill Business Parkway #31 & 32
General Information
Standard status
Active
Size
3,013 SF
Total Parking Spaces
16
Zoning
industrial
Additional Details
Fenced Yard
Yes
Clear Height
20 ft
Taxes and HOA fees
Annual Taxes
$21,275
Building Details
Building Size
3,013 SF
Year Built
2019
Stories
1
Listing Agency:
Sutter & Nugent LLC
Listed By:
James Pavlik · License #3301117
(561) 818-8325
Source:
Laerrealty
Added: Jul 7
Changed: Oct 13
Last Checked: Oct 14 at 8:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sutter & Nugent LLC
Investment Insights
Based on property information with market context.
This double-unit hangar condominium has been fully renovated and finished for both storage and use. Interiors include custom cabinetry, a designer epoxy floor finish, TVs, a custom full bathroom, and an upstairs mezzanine with wood flooring. A custom spiral staircase and railing provide access to the mezzanine level. Construction features solid concrete tilt-wall with an insulated roof, doors, and walls, and the space is equipped with individual temperature and humidity control. The unit offers 14' x 14' sealed, insulated, Miami-Dade hurricane-rated, motorized coiling garage doors, along with clear interior ceiling heights up to 20'.
The grounds are gated and secured with a 7' tall privacy fence, round-the-clock live security monitoring, and an on-site owner-concierge. Ownership includes an undivided interest in the common elements within the facility, and ownership opportunities are limited. The Hangar is designed as a garage condominium environment intended for owners to store, display, and enjoy prized collectible assets.
For buyers seeking a private, secure, fully improved garage-style warehouse space, this offering provides a finished interior with dedicated climate control, a mezzanine for additional flexible use, and a high-clearance storage volume supported by insulated, hurricane-rated door infrastructure. The double-unit configuration is well suited for larger collections that benefit from expanded capacity and dedicated, finished areas for display and everyday enjoyment.
The grounds are gated and secured with a 7' tall privacy fence, round-the-clock live security monitoring, and an on-site owner-concierge. Ownership includes an undivided interest in the common elements within the facility, and ownership opportunities are limited. The Hangar is designed as a garage condominium environment intended for owners to store, display, and enjoy prized collectible assets.
For buyers seeking a private, secure, fully improved garage-style warehouse space, this offering provides a finished interior with dedicated climate control, a mezzanine for additional flexible use, and a high-clearance storage volume supported by insulated, hurricane-rated door infrastructure. The double-unit configuration is well suited for larger collections that benefit from expanded capacity and dedicated, finished areas for display and everyday enjoyment.
Key Highlights
- 2019 year‑built double hangar unit with a custom full bathroom and an upstairs mezzanine
- Fully renovated interior with all custom cabinetry and a designer epoxy floor finish
- 14' x 14' sealed, insulated, Miami‑Dade hurricane‑rated motorized coiling garage doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,988
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,319,760
$1.3M
Cap Rate 7%
$942,686
$942.7K
Cap Rate 9%
$733,200
$733.2K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$108.0K $36.00/SF
− Vacancy
−$6.5K −$2.16/SF
EGI
$101.5K $33.84/SF
− OpEx
−$35.5K −$11.84/SF
NOI
$66.0K $22.00/SF
Area
Palm Beach County, FL
Vacancy
6.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,319,760
Cap Rate 7%
$942,686
Cap Rate 9%
$733,200
Alternative Uses
Best Use
Flex RnD
$942.7K
$824.9K – $1.10M
NOI $65,988 @ 7.0% cap · market cap 2.87%
Second Best
Industrial
$462.7K
$404.8K – $539.8K
NOI $32,387 @ 7.0% cap · market cap 1.41%
Theoretical Best
Office A
$2.11M
$1.85M – $2.46M
NOI $147,894 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
20 ft
Clear height
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,737
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33407, FL
34,558
Population
15,147
Households
2.3
Avg Household Size
35
Median Age
26%
College-Educated
78%
High-School Grad
9.9 sq mi
ZIP Area
3,491
Density / Sq Mi
$56,606
Median Household Income
$34,886
Median Earnings
$1,551
Median Rent
$290,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
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- Corks + Forks Catering — 5640 Corporate Way, West Palm Beach, FL 33401
Frequently Asked Questions
What type of property is this?
Flex space - Fully renovated double unit with insulated, motorized hurricane-rated garage doors, a private bathroom, and 20' clear height.
Where is this flex space located?
The property is located at 7210 Haverhill Business Parkway #31 & 32 Riviera Beach, FL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 2019 year‑built double hangar unit with a custom full bathroom and an upstairs mezzanine; Fully renovated interior with all custom cabinetry and a designer epoxy floor finish; 14' x 14' sealed, insulated, Miami‑Dade hurricane‑rated motorized coiling garage doors
